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Long to your short entry
Gold Spot / U.S. Dollar
Long to your short entry
By Bitcoinnect
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Mar 3, 2021
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Mar 3, 2021
Boomer gold is still bearish, but shorting here has low R/R
This is a mean reversion trade
High volume profile node
D1 RSI oversold - potential mean reversion
Price is far from D1 kijun - potential mean reversion
Dumped harder than the other precious metals
Millenial gold (BTC) might've just bottomed and may help boomer gold's recovery
For tokenized gold, I personally prefer PAXG, but XAUT is fine too if your broker/exchange doesn't have PAXG.
As always,
Not a financial advice.
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